The internationalization of new technological venture with the STPs new business models

The new business models for incubators in STPs are important for new technological venture, but in developing countries they are crucial, for several reasons. The first reason is the dominance of foreign investment in critical manufacturing sectors. New national technological ventures have great difficulty to compete with such more established international enterprises inside their own borders. The second aspect is the shortage of effective R&D funding in development countries, making the conversion of university research into economic growth a vital issue for the future of these countries. This article aims to show that the success of a technology based companyin addition to technological innovationdepends on organizational innovation, marketing innovation and innovative business models to complete efficiently in the full cycle of innovation, comprised of research, development and commercialization (R&D&C). Finally, this paper presents a mechanism and method for technology transfer between university and enterprise, and points out the restrictions faced.